Coinbase Director Andreessen Sells Over 20,000 Shares in October 2026

Coinbase director Marc L. Andreessen has sold a total of 20,514 shares of the company's Class A common stock under a Rule 10b5-1 trading plan. The sales were executed over two days in October 2026. On October 1, 2026, Andreessen sold 13,676 shares at $186.18 per share, totaling approximately $2.55 million. The following day, he sold an additional 6,838 shares at $198 per share, amounting to about $1.35 million.

The shares sold were held of record by the LAMA Community Trust, of which Andreessen and his spouse are trustees. Additionally, Andreessen is a manager of AD Holdings, LLC, which holds 2,568 shares of Coinbase stock. He disclaims beneficial ownership of these shares except to the extent of any pecuniary interest.

Both transactions were made under a Rule 10b5-1 trading plan adopted on June 5, 2026, during an open trading window. This plan allows insiders to execute pre-arranged trades at specified times, providing transparency and preventing accusations of insider trading.

Following these transactions, Andreessen's indirect holdings through the LAMA Community Trust amount to 1,108,972 shares, while AD Holdings, LLC retains 2,568 shares.